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Saturday, 26 March 11
THE FREIGHT MARKET REMAINED A BIT VOLATILE THIS WEEK - CAPT. REDDY
 COALspot.com - "The freight market remained a bit volatile this week", says Capt. Reddy, director of Vistaar Shipping Singapore.
However, the market managed to maintain almost the same levels as last week , with all the sectors up by 3-7 pct except for Panamax index which was slightly softer, he further said.
The BDI continue to rise and was up by 54 points (up by 3.53 pct) and closed at 1,585 points. The Cape index gained maximum this week , up by 118 points (up by 7 pct). The Panamax was slightly lower and was down by 56 points (down by 0.76 pct). The Supramax and Handy size index was up by 29 points (up by 1.84 pct) and 25 (up by 3.31 pct) respectively.
The Supramax vessels opening FEast/SE Asia region were seen holding at healthy levels and fixed at around US$ 16000 delivery N.China.
The freight markets may hold for next couple of weeks. However there does not seem to be any strength in the market and in the long run seems the freight would be soft . The effects of Japanese ports closure and Libya , Yemen , Syria crisis is likely to have effect on shipping and oil prices.
The average charter rates was at Cape/US$ 10,718 per day , Panamax/US$ 16,693 per day , Supramax/US$ 16,762 per day and Handy size/US$ 11,704 per day.
The Supramax index in the feast (S6 route) was almost steady and slight softness was seen towards end of the week at US$ 15,991 per day (last week US$ 15,995 per day). The EC India/ China (S7 route) continued to softened and was down by 2.07 pct (down by US$ 330 per day) and closed at US$ 15,608 per day (last week US$ 15,938 per day). The S6 route is likely to continue to be steady/soft , whereas the S7 is likely soften further.
The futures for three years (2011-2013) was at around Cape/US$ 19,000 per day, Panamax/US$ 16,500 per day, Supramax/US$ 15,500 per day , Handy size/US$ 11,500 per day.
The congestion in EC Australia almost at same levels at 84 vessels this week (last week 72 vessels). The vessels waiting at main coal loading ports were at Hay point/7, DBCT/21, Gladstone/12, Abbot Point/3, New Castle/34, Port Kembla/7 vessels. On the WC Australia iron ore vessels waiting reduced to 39 vessels (last week 42 vessels).
The waiting at Indian ports for coal vessels was quite normal.
The crude oil prices remained firm and closed at US$ 115.95 per barrel (last week US$ 114.51 per barrel). Bunker prices was almost at same levels and closed at US$ 643.00 pmt (last week US$ 643 pmt) for IFO 380 cst ex Singapore on 25th March 2011.
Click here for Vistaar’s forecasted (terms & conditions apply) spot freight rates for coal & Iron-ore cargo for specific routes (cs)
Reported by Vistaar Shipping, Singapore
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Tuesday, 17 May 11
DRY BULK MARKET ENTERS WEEK ON WEAK MODE - HELLENIC SHIPPING
In yet another sign of softening freight rates for dry bulk carriers and oversupply issues, the dry bulk market entered this week on a downward path ...
Monday, 16 May 11
INDO TAMBANG 1Q SALES REVENUE UP - INSIDER STORIES
Thai Banpu Plc last week reported a 7.83% increase in coal sales revenue from its Indonesian operating unit via PT Indo Tambangraya Megah Tbk (ITMG) ...
Sunday, 15 May 11
THE FREIGHT MARKET REMAINED SOFT - VISTAAR
COALspot.com - "The freight market overall remained soft", said Capt. Reddy, Director of Vistaar Shipping Singapore. He further added, &qu ...
Saturday, 14 May 11
WELSPUN TO ACQUIRE AN INDONESIAN COAL MINE - MEDIA
The India based Welspun Power and Steel Ltd is planning to acquire 456,000 shares in PT Batubara Energy Indonesia, representing 75% interest, accord ...
Saturday, 14 May 11
DRY BULK MARKET ON A DOWNFALL ONCE AGAIN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what is now pretty clear will be yet another challenging year for dry bulk ship owners, the Baltic Dry Index returned to its usual pattern of dec ...
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- Ministry of Mines - Canada
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Oldendorff Carriers - Singapore
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Ministry of Transport, Egypt
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Banpu Public Company Limited - Thailand
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Interocean Group of Companies - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Australian Coal Association
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
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